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New to this one recently. What happened after last suspension agadem? I agree with your comments about trading here recently. Very unnatural pattern last few days and it certainly appears to be being manipulated to allow someone to accumulate but I can't add any more than what you've already said. I get the feeling we're about to get some news soon. It's just a feeling but I've learned to trust my feelings in investing over the years.
RE: Heirs holdings interview, an integrated energy business20 Jan '21
A good interview and clearly looking at doing something with renewables in their longer term plan IMHO. I’d not be surprised if AK not looking at something in that space too.
Deadly quiet on our RNS feed from SAVE. Last time I felt like this we got the “suspended” RNS COMPLETELY out of the blue one summer day, if I remember it was 23rd June. I sneakily wonder if something quite large is being worked on in the background and delaying any news at the moment.
I certainly look forward to 7am every trading day. It has been known as well for a good RNS to drop during trading hours. Maybe tomorrow eh? LOL
I’m no expert at reading the daily trades and don’t have L2 as being a long-term investor I don’t need it. However, with having a sizeable holding here I do monitor what going on quite closely on a daily basis.
That said, this looks to me as though the MM’s have an order from somebody buying quite a few between 4.0p and 4.25p ish. The daily moves seem quite strange with the SP (especially the bid) being dropped to pick up some easy cheap stock from the faint-hearted. Then the bid comes back up at the close ready for the MM’s to repeat the process the next day. If this is the case we could see the SP return to 16/17p again quite quickly when this process is over.
Also there have been loads of BOT trades which also seem to be moving the SP irrespective of the supply / demand obvious trends.
If there are any more learned posters on here who could add any value to my naive interpretation of this your comments would be appreciated.
I'm sure this is going to sound very naive but it keeps going through my mind - why aren't the Market Makers trying to increase the selling prices - surely it would be to their benefit as would increase their margins.
All the fundementals seem to back a much higher SP but it just doesnt seem to get anywhere.
Plenty of buyers (I think) who would pay more to get the potential of this share - especially with the "promise" of a divi?
Who else get help the price to increase?
As I say, probably very naive but it should be so much further than it is now.
Accugas Pipeline Capacity & Increase in Central Processing Facility19 Jan '21
It is clear from company reporting that the Accugas Central Processing Facility has capacity up to 200 MMscfpd and therefore the maximum available throughput of the Accugas pipeline will be this amount - however is anyone aware of the Accugas pipeline capacity please?
Is anyone aware of plans to increase the capacity of the Accugas Central Processing Facility and if so how much the increase will be and what the cost will be?
I'm just trying to assess what low / no CAPEX upside there is once there are gas supply agreements in place with customers totalling 200 MMscfpd. Once there are GSAs in place for the full 200 MMscfpd what is the revenue upside with Accugas?
It is clear the huge deep sea port proposed nearby, the subsequent resulting development that will be attracted and the pro O&G national and state government will be (/ are) hugely beneficial to the company, but what will be the future expenditure required for SAVE to take advantage of this and when?
I assume it will be obvious from my questions today that this stock has just hit my radar.
Gettingby ...insurgency/ militants have been active for many years now mainly in remote areas and in a region in which company does not operate. why mention now and not when rising over the last few weeks?
With respect, are you invested or just trying to spread fear ? In the link you provided it also states....
“In addition to achieving relative political stability and entrenching democracy, Niger has grown its GDP during Issoufou’s tenure. GDP grew from $8.7 billion to $12.9 billion between 2011 and 2019, and by 6.3% in 2019. This was achieved through investment in agriculture, which represents about 40% of GDP, as well as the prevention of internal conflicts.”
Conflict is an everyday occurrence in certain countries and Central African countries are no exception. By contrast just look at what has happened in Washington USA in the last week or so. The country is struck with fear about the potential of domestic terrorism tomorrow at Biden’s inauguration. This hasn’t had a negative effect on the DOW.
Niger is valued as zero by the market at the moment. Also based on limited reading the insurgency is located in a different part of the country from where we are operating (need to double check) Chinese still building the pipeline Yes its a risk and worth being aware of but don't lose sleep over it imo
not sure inferred anything , SP increase is nothing to do with SAVE promotion to investors i might add i said ...is a new customer roadshow worthy ? its all conjecture , but i simply pointed to alternative newsflow thats also well overdue . BTW i welcome any type of positive news flow here , even if AK's office has had a lick of paint ;-)
As we know AK is Scottish and quite frugal in paying the £300 RNS fee. I think that when we get the next one it will be quite a detailed one and encompass quite a few things. New customer/s and Niger drill plan could well BOTH be included. And it could drop any day soon.
We'll have to disagree on the new customers, Lobon. That would infer IMO you expect no sp increase on a new customer. We'll have to wait and see but, personally, I'd expect an increase as it demonstrates to the market that new customers have confidence to sign up with us. Obviously a positive Niger statement will have much more effect than a new customer, that goes without saying.
interzone new customers are a given and expected , soon to be forgotten until intrim/annual results however with niger a substantial world class asset ,virtually untouched for 2 years .any progress here with investment and getting back on the ground ,surely would warrant said fanfare . saying that it could be neither
Even more reason to get full year results to market asap end of March would be great that will have a positive effect all round showing not only are we being paid but making a decent profit as well. Come on AK lets not wait until May !!!
The reason it's taking plenty of time to get that new customer is it's about getting the right profile new customer.. especially in creditworthiness terms.. including ease of getting a payment guarantee 'insurance' mechanism of some strong flavour... Larger cap internationally affiliated customers are more desirable, small / mid cap indigenous Nigerian customers less so.. unless they come with government backed payment guarantees, or such like...
A culture of we're doing you a favour to actually pay invoices is omnipresent in Nigeria and a horrible one.. and share prices of those generating much/all their revenues in Nigeria often reflect this culture ?